Comprehensive market data and analysis• Updated Oct 2026
2.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | 2 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | 1 | 1 | 1 | 1 |
| 50-100 acres | 1 | 1 | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 3 | 5 | 5 |
Acreage buckets
The median price for land in Homer, Michigan is currently $8K per acre. For a typical parcel, the median sale price is $240K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $104K while premium lots reached $388K.
Homer, Michigan is currently a very hot seller's market with 2.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Homer, Michigan currently has 2.0 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
Over the past 12 months, Homer, Michigan saw 3 properties sold, totaling $735K in sales volume. In just the last 3 months, 3 properties changed hands.
The 3-month absorption rate in Homer, Michigan is 50.0%. The 12-month rate is 12.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Homer, Michigan typically sells within 75 days of listing. The median time on market is 71 days. Properties are moving at a moderate pace in the current very hot seller's market.
The current absorption rate in Homer, Michigan is 50.0% (3-month basis), indicating strong demand. The top-performing broker in this market is Five Star Real Estate.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Homer on LandyDandy.
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